To Lift Up the Continuously Falling of Stock Market ,Finance Minister
Kathmandu : Billions of rupees has been invested by the common people in Stock Market ,which is in decreasing its value now-a-days ,so to sove this issue Finance Minister Dr.
Prakasharan Mahat has had a serious discussion with the concerned bodies of this area. Chief Executive Officer of NEPSA Krishna Bahadur Karki and Chairman of Nepal Securities Board Ramesh Hamal were present in the discussion held at the Ministry of Finance. In that discussion, the Minister of Finance, asked for the suggestions from the head of the Securities Board and NEPSE, on what can be done to raise the stock market, which is constantly falling, and has now started preparations to take action accordingly.
According to Finance Minister Dr. Mahat will remove the limit of 12 crores on the first share mortgage loan. After that, it is said that the Ministry of Finance is preparing to carry out further reforms. Observing the past record the total market capitalization was over 40 trillion before but now it has reduced to 29 trillion now.
The gross domestic product of the country is more than 47 billion. Based on that, there are enough possibilities in the stock market. However, due to the lack of momentum in the market, trillions of rupees of investors have sunk in the stock market.In order to make the country’s economy sustainable, the stock market must also be sustainable. Mahat himself became active to make the stock market dynamic. Finance Minister Sharma has also instructed the subordinate agencies not to adopt a policy of shrinking the stock market.
In order to make the country’s economy sustainable, the stock market must also be sustainable for that Finance Minister Dr. Mahat will himself became active to make the stock market dynamic. He has also instructed the subordinate agencies not to adopt a policy of shrinking the stock market.
There are accusations that billions of rupees have been sunk by the investors in the stock market since the arrival of Nepal Securities Board Chairman Ramesh Hamal and also due to the Governor of Nepal Rastra Bank, Maha Prasad Adhikari. Reasons are still not disclosed but Investigation is going on.